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Student loan servicer was told to postpone sending invoices

Washington — A federal student loan service contractor has been instructed to postpone sending invoices. August 31 Deadline for the end of pandemic freezing For loan payments, companies have little time to begin the loan collection process when payments are resumed.

The future of the federal student loan portfolio is at stake as President Biden is considering whether to cancel a limited amount of debt to borrowers whose income is below a certain standard. The president and his advisers have been discussing the issue for over a year, frustrating activists and progressive Democrats and wondering what’s next for borrowers, loan servicers and other stakeholders. I am.

Student loan servicer was told to postpone sending invoices

Source link Student loan servicer was told to postpone sending invoices

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